If you want to find out how to buy Dogecoin20, you’ve come to the right place. In this in-depth guide, we’ll explain how and where to buy $DOGE20 tokens. We’ll also talk about its roadmap, staking mechanism, and tokenomics. Plus, we’ll discuss the factors that make the $DOGE20 token lucrative for investors.
Here’s all you need to know about the new meme coin in town – Dogecoin20.
How to Buy $DOGE20 — Quick Guide
What Is Dogecoin20?
Dogecoin20 is a new meme coin that can be described as an updated version of Dogecoin. That said, $DOGE20 doesn’t aim to replace the DOGE token, but rather to pay tribute to it. The goal of its developers is to improve Dogecoin’s ecosystem by introducing an eco-friendly staking option.
On that note, instead of using the PoW consensus mechanism, Dogecoin20 uses Ethereum’s PoS staking system. $DOGE20 is also an ERC-20 token, which means that it can be integrated into DeFi apps and that it supports smart contracts.
Since Dogecoin20’s staking process takes place on-chain, its holders will also be able to contribute to its security and stability.
Why People Buy $DOGE20
Dogecoin20 managed to raise over $4.4 million in one week. This shows that the crypto community is keen on this project. Here’s what makes $DOGE20 so lucrative for investors:
Staking Mechanism
Dogecoin20 uses a PoS consensus mechanism, which means that everyone will be able to validate transactions without the need for expensive rigs. Its staking process also takes place on-chain, which gives it an edge over DOGE since it enables greater flexibility and security.
When it comes to staking rewards, they will be distributed over two years at a rate of 6751 $DOGE20 per ETH block.
Dogecoin20’s developers have allocated 21 billion tokens for staking rewards. 12.50% or 17.5 billion tokens will be distributed during the first year. During the second year, this figure will amount to 2.50% or 3.5 billion tokens. At the time of writing, Dogecoin20’s APY stands at 200%.
Tokenomics
$DOGE20 has a total supply of 140 billion tokens, which will be distributed in the following way:
- 25% or 35 billion will go towards the presale
- 25% or 35 billion will be set aside for marketing
- 25% or 35 billion will go to the project treasury
- 15% or 21 billion will be allocated towards staking rewards
- 10% or 14 billion will go for exchange liquidity
The limited token supply makes the $DOGE20 token lucrative for long-term investors. Why? Because this means that its demand could increase in the future. This is also one of the reasons why this project managed to raise a large amount of money in such a short time.
The Ongoing Presale
Dogecoin20 launched its presale on March 14, 2024. Its developers allocated 35 billion $DOGE20 tokens towards the presale, while its starting price amounted to $0.000140. That said, if you take a look at any Dogecoin20 presale review, you’ll notice that this project managed to raise over $200K in just a few hours.
This upward trend continued during the following days, while at the time of writing, this figure amounts to $4.4 million.
Dogecoin20’s presale will have 12 phases. The price of the $DOGE20 token will go up during each subsequent phase. In the 12th phase, its price will reach $0.000206, which will be 47.14% more than its initial price. The goal of its developers is to achieve a hard cap of $6 million, which could be achieved in a few days if this upward trend continues.
Once the presale ends, $DOGE20 will be listed on one of the best decentralized exchanges – Uniswap, which will further increase its price.
The current Dogecoin20 cost is $0.000203.
Dogecoin20 Roadmap
Dogecoin20’s roadmap consists of six phases:
- Presale and Marketing: Investors will be able to buy $DOGE20 tokens at a discounted price. 25% of its total token supply will be allocated towards creating marketing campaigns.
- Early Staking Incentive: Early buyers will be able to stake their $DOGE20 tokens by locking them into smart contracts.
- Presale Token Claiming: After the presale ends, investors will be able to claim their staked tokens.
- DEX Launch on Uniswap: $DOGE20 will get listed on Uniswap.
- Allocated Liquidity Provision: 14 billion $DOGE20 tokens, or 10% of its total supply, will be added to Uniswap’s liquidity provision pool.
- Long-Term Passive Rewards: Investors will be able to cash out their staking rewards.
How to Buy Dogecoin20
You can buy Dogecoin20 tokens by following these five steps:
Step 1 — Visit the Official Website
You can purchase $DOGE20 tokens during the presale by visiting Dogecoin20’s official page and tapping the Buy Now button.
Step 2 — Creating Your Wallet
After tapping the Buy Now button, you’ll have to create or connect your MetaMask or WalletConnect crypto wallet.
Step 3 — Get ETH, USDT, or BNB into your Wallet
Fund your wallet using ETH, USDT, BNB, or fiat. Keep in mind that if you use BNB, you won’t be able to claim your staking rewards.
Step 4 — Select Your Purchase Amount and Stake Your Tokens
Enter the amount you wish to buy and confirm your choice. You can also tap the Buy and Stake button to start the staking process automatically.
Step 5 — Claim Your Tokens
After the presale ends, you’ll be able to claim your staked tokens.
Conclusion
Now that you know how to buy Dogecoin20 and what makes this project so interesting to the meme community, you can start making your investment plans. Keep in mind that the price of the $DOGE20 token will be much higher once it gets listed on DEXs. Moreover, its APY will decrease as more and more tokens get staked. So, if you want to maximize your profits, you should invest in Dogecoin20 during its presale phase.
Dogecoin20 is also a more suitable option for long-term investors, while short-term investors should look for another meme coin.